Master in Business Administration, MBA is the most sought after management degree nowadays. Every year many students enroll themselves to MBA programs either through any entrance tests like CAT, XAT, MAT, etc. or through different institutes. Increase in the number of applicants in these tests is itself proof of how popular an MBA degree has become.
In career prospect, MBA degree plays a significant role. A person who has done Masters in Business Administration has a variety of career options. Here, we have discussed various career paths that one can pursue after doing an MBA. Read on to know how an MBA degree can give wings to your corporate dream job and check out some top-notch B-schools to consider. Listed below are some of the top MBA colleges in Mumbai, Delhi, Chennai and Kolkata.
Master in Business Administration Specializations and Curriculum
A student has abundant career options after MBA because the degree provides various specializations like Finance, Marketing, Hotel Management, Operations, Logistics, Business Management, Information Technology, Human Resource Management, Hospitality, etc. A student can choose any of these specializations to set his path for a corporate job.
The syllabus of an MBA degree includes various topics like Management Process, Organisational Behaviour, Managerial Economics, Business Communication, etc. which helps a student to get prepared for challenges in a corporate job.
Career Options after MBA
As discussed above, an MBA has various specializations and thus various career options, here we are providing you with some of the top career options after doing an MBA degree-
Career After Pursuing MBA in Finance– A degree in finance is most coveted degree as a single MBA finance degree opens various fields like investment management, international finance, financial statement reporting and analysis, tax planning, taxation and insurance management. A candidate with an MBA in finance can get jobs in fields like investment banking, banking and finance, insurance, management consulting, wealth management, to name a few.
Top job roles after an MBA in Finance are Accounting Manager, Risk & Finance Manager, Chief Financial Officer, Credit Analyst, Cash Manager, etc. The salaries of MBA Finance graduates can range from 4 lacs – 15 lacs per annum.
Career After Pursuing MBA in Marketing– Every company today wants to guard itself against the effects of the recession, and that is why the role of MBA in marketing is very crucial. A student with a degree of MBA in finance can get jobs in various fields like banking, retail, hospitality, media, information technology, etc.
Top job roles after an MBA in Marketing are Product Manager, Marketing Manager, Sales Manager, Brand Manager, Market Research Analyst, etc. The average salary after an MBA in Marketing can range from 1.5 – 20 lacs per annum.
Career After Pursuing MBA in Operations– A degree in Operations is a valued specialization of MBA as every company requires management of its daily operations. Students with this degree can get jobs in sectors like IT, telecom, e-commerce, etc.
Top job roles after an MBA in Operations are Project Managers, Operations Manager, Supply Chain Manager, Logistics Manager, Inventory Control Manager, etc. The average salary after an MBA in Operations can range from 3-15 lacs per annum.
Career Options after MBA in Business Analytics– A degree in Business Analytics will teach the students to use different analytics tools to gather and analyse different data for business analysis. Students with this degree can get jobs in fields like Healthcare, Information Technology, e-commerce, etc.
The salary of a Business Analyst, Senior Business Analyst can range from 5- 18 lacs per annum.
Career Options after MBA in Human Resource Management – Every company needs a Human Resource Manager to find the best and suitable human resources for itself and that is why MBA in HR is one of the most sought after MBA degree. A student with this degree can get jobs in various firms like law firms, IT firms, media houses, retail companies, etc.
Top job roles after an MBA in HR are HR specialist, HR manager, Recruiter, etc. The average salary after an MBA in HR can range from 2.5-20 lacs per annum.
Career Options after MBA in Technology- A student with this degree helps a company to keep up with the latest technologies which are very necessary these days. Students with this degree can get jobs in fields and various companies.
Top job roles after an MBA in Technology are It Manager, Business Analyst, System Manager, Project Manager, etc. The average salary after an MBA in HR can range from 2-12 lacs per annum.
Top Jobs after MBA
Senior Business Analyst
Salary Trends for MBA Graduates
As per the current salary trends, an MBA graduate can earn between 2 lacs to 20 lacs per annum. This depends on their performance as many MBA graduates have reached top positions in the companies. Top recruiters after MBA are Flipkart, Paytm, Accenture, Micromax, Vodafone, etc.
Top MBA Colleges in Mumbai, Delhi, Chennai and Kolkata
There are several colleges that are known to provide quality education to its students at a reasonable course fee. Here, we have listed some of the top MBA Colleges in Mumbai, Delhi, Chennai and Kolkata which you should check out if you are willing to study an MBA in India.
MBA Colleges in Mumbai
For MBA in Mumbai, one can check out the following colleges.
National Institute of Industrial Engineering, NITIE – Mumbai
Situated at a beautiful location, NITIE is known to produce some of the best managers of the country. The campus is located away from the city in between lush greenery. The college has been known to provide quality education to its students for the past 50 years. Its name always appears in the list of top MBA colleges in Mumbai.
The selection process involves securing 98 percentile in the entrance examination followed by personal interview. However, it accepts only graduate engineers. The course fee is around 7 lakhs for two years. The average on-campus placement salary is over 16 lakhs.
Jamnalal Bajaj Institute of Management Studies, JBIMS – Mumbai
JBIMS Mumbai is known for its low fee structure, high legacy, and incredibly good placement opportunities. Initially, the fee was around 2.4 lakhs but now the tuition fee has increased to around 6 lakhs which is still quite affordable in comparison to the other private MBA colleges. The average placement salary offered is over 18 lakhs. Some of its popular recruiters are ICICI Bank, Accenture, Goldman Sachs and many more.
KJ Somaiya Institute of Management Studies and Research – Mumbai
This college is known to provide excellent facilities to its students and is one of the best MBA colleges in Mumbai. It has highly experienced faculties and has recently launched the concept of Design Thinking in all its courses. A two-year full-time MBA program will cost you around 2 lakhs which is quite affordable if you consider the facilities it provides to its students. Placement opportunities are quite good with an average salary of Rs.9.19 lakhs in 2017. The highest salary recorded in 2017 was 24 LPA.
Tata Institute of Social Sciences, Mumbai – Tuition Fee – Rs 1 lakh
Tata Institute is well known for its MBA course in Human Resource Management. The institute was established in the year 1936 and it aims to transform the world with the power of education. It has a very affordable fee of around 1 lakh for two years. Its entrance criteria include securing high grades in the entrance test called TISSNET. Along with lodging and boarding expenses, the total fee would be close to around 2.38 lakhs for two years. As far as placement is concerned, the average salary recorded in the year 2017 was 14 LPA.
Top Colleges in Delhi
As per the latest ranking by NIRF, the top rated colleges in Delhi for MBA are: MDI Gurgaon, FMS Delhi and IIFT New Delhi. The average annual fee of MDI Gurgaon is INR 9,43,000; FMS Delhi is INR 10,500 and that of IIFT New Delhi is INR 7,85,000.
Top Colleges in Chennai
For pursuing MBA in Chennai, one can refer the following colleges: IIM Trichy, Great Lakes Chennai: Great Lakes Institute of Management – GLIM and DoMs IIT Madras: Department of Management Studies, IIT Madras. The fees of an MBA course at IIM Trichy is INR 14,00,000 GLIM is INR 17,15,000 and that of DoMs IIT Madras is INR 8,00,000.
Top Colleges in Kolkata
The top three colleges for doing an MBA in Kolkata are Indian Institute of Management [IIMC], Indian Institute of Foreign Trade [IIFT] and International School of Business & Media [ISB&M]. The average annual fees of MBA at IIMC is INR 2,700,000; the fees for a 2-year course at IIFT is INR 760,000 and annual fees of ISB&M is INR 425,000.